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USD/CAD threatens the range bottom as risk trades improve

The S&P 500 is at the highs of the day, up 0.6% after trading lower early. The mood improved after the Fed's Bostic said he considered risks roughly balanced and doesn't "do more than we need to do" to get inflation under control.

The dollar has been reluctant to turn lower because bond yields have broken higher today but the Canadian dollar is fighting back. It's being helped by a turn in oil intraday from as low as $77.23 to $78.06 last. It's a sign the market is feeling more confide... Read More

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Content Topics

Usd

Cad

Threatens

Range

Bottom

Risk

Trades

Improve

Usd cad

Forex

Posted: Mar 2 2023, 20:24

Author Name: forexlive

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